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Business

Trump says Apple will spend 'vast sums' in US

Donald Trump said Friday that tech giant Apple would be spending "vast sums" of money in the US in a tweet ahead of a dinner meeting with its CEO Tim Cook.

Business

Technology start-ups that fail fast succeed faster

Failure rates of new technology-based companies are shockingly high. It is estimated that 75 percent of technology start-ups do not generate profits. Other data suggests upwards of 90 percent of new technology enterprises ...

Business

WTO to set up panel to judge US-China solar panel dispute

The World Trade Organization agreed Thursday to China's request to create a dispute panel tasked with judging whether US tariffs on solar panels violate international trade rules.

Business

Business

Tencent Q2 earnings beat estimates on gaming growth

Chinese internet giant Tencent said Wednesday its net profit jumped 35 percent in the second quarter, as the company continued to wriggle out of Beijing's crackdown on online gaming and build mobile game growth.

Business

CBS, Viacom to reunite as media giants bulk up for streaming

CBS and Viacom announced a long-anticipated reunion Tuesday, bringing together their television networks and the Paramount movie studio as traditional media giants bulk up to challenge streaming companies like Netflix.

Business

Saudi Aramco says half-year net income slips to $46.9 bn

Saudi energy giant Aramco said Monday its first half net income for 2019 slipped nearly 12 percent to $46.9 billion, a first such disclosure that still reinforces its position as the world's most profitable company.

Business

Huawei launches first product with own operating system

Chinese telecom giant Huawei, which has been caught in the crossfires of the Washington-Beijing trade war, on Saturday unveiled a new smart television, the first product to use its own operating system.